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Bill supply for W/C Feb 8, 2021

EUROZONE T-BILL ISSUANCE

Germany, France, Spain, Belgium, Finland, the ESM and Italy have issued bills this week, totalling E28.7bln (higher than the E16.3bln seen last week).

  • Germany allotted E3.680bln of the 6-month Aug 25, 2021 bubill on Monday with issuance volume of E4bln.
  • Also Monday, France sold E5.889bln of BTFs against a 4.7-5.9bln target: E2.796bln of the new 13-week May 12, 2021 BTF, E1.196bln of the 20-week Jun 30, 2021 BTF and E1.897bln of the 50-week Jan 26, 2022 BTF.
  • On Tuesday, Spain sold E6.67bln letras against a target of E6-7bln: E1.398bln of the 6-month Aug 13, 2021 and E5.272bln of the 12-month Feb 11, 2022.
  • Belgium then sold E2.022bln of TCs against a E1.8-2.2bln target: E0.802bln of the short May 13, 2021 TC and an E1.220bln of the long Jan 13, 2022.
  • Finland sold E2bln of RFTBs: E1bln of each of the 6-month Aug 10, 2021 RFTB and the 9-month Nov 9, 2021 RFTB.
  • The ESM concluded Tuesday's issuance with E1.1bln of the new 12-month Feb 10, 2022 bill.
  • Italy rounded off issuance for the week on Wednesday, selling E7bln of the 12-month Feb 14, 2022 BOT.

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